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1329 E Oregon Avenue Phoenix, AZ 85014

3 Beds 2 Baths 1,560 sqft Built 1953

$425,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $272.44
  • 2 Days on Market
  • MLS # : 6155524
  • Updated Date : 11/14/2020 at 21:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Combining the best of both worlds, this charming 1953 mid-century block home boasts a modern open floorplan, remodeled kitchen with granite counters, pantry, stainless steel appliances (including refrigerator) renovated bathrooms, newer dual pane windows, and much more! In addition to a light filled living room and dining area open to the kitchen, there are 3 bedrooms and a family room/play room/office. The extended front porch and the spacious covered patio in the back add to the living area of the house! The back and front yards with an automatic sprinkler add to the value along with newer water & sewer lines, inside laundry w/washer & dryer and wood look, easy maintenance tile floors. Great North Central location near everything and Madison Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sherwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k404k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sherwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341946

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Madison 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,568
Property Tax -$305
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$340

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$425,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,221

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,690

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,6494$1,6905$1,795
$1,795
RENT COMPS ANALYSIS
  • 1329 E Oregon Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.08
    •  
  • 1215 E Meadowbrook Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 4618 N 12th Place #mh Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 6040 N 15th Street #39 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.95
    •  
  • 5634 N 6th Street #1 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1949
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
PROPERTY LISTING DETAILS
Debbie M Tupper
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155524
Last Updated: 11/14/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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